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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net loss $ (62,293) $ (27,029) $ (41,307)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 85 151 367
Accretion related to marketable securities (1,141) (894) (170)
Stock-based compensation 3,003 2,147 2,692
Gain from sale of property and equipment (5)   (22)
Change in fair value of warrant liability 33,377    
Loss from equity method investment 3,197 5,284 10,005
Changes in operating assets and liabilities:      
Accounts receivable - related party (49) 562 (81)
Prepaid and other current assets (1,587) (8) 581
Operating lease right-of-use assets (28) 1,068 973
Other assets (543) 40 107
Accounts payable 1,057 (451) 411
Accrued and other liabilities (245) (3,578) 467
Operating lease liability (252) (1,227) (1,046)
Net cash used in operating activities (25,424) (23,935) (27,023)
Net Cash Provided by (Used in) Investing Activities [Abstract]      
Purchases of marketable securities (70,119) (47,048) (66,191)
Maturities of marketable securities 42,630 62,623 43,162
Purchases of property and equipment   (34) (269)
Proceeds from sale of property and equipment 5   22
Net cash (used in) provided by investing activities (27,484) 15,541 (23,276)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]      
Proceeds from issuance of common stock, net (includes $1,794 in aggregate gross proceeds from related parties) 16,405    
Proceeds from issuance of pre-funded warrants, net (includes $1,769 in aggregate gross proceeds from related parties) 5,031    
Proceeds from issuance of common warrants (includes $1,472 in aggregate gross proceeds from related parties) 8,934    
Proceeds from the exercise of warrants 18,590    
Proceeds from issuance of common stock in connection with at-the-market offering, net   7,843  
Proceeds from exercise of common stock options 68 12  
Net cash provided by financing activities 49,028 7,855 0
Net decrease in cash and cash equivalents (3,880) (539) (50,299)
Cash and cash equivalents at beginning of the period 12,620 13,159 63,458
Cash and cash equivalents at end of the period 8,740 $ 12,620 $ 13,159
Supplemental disclosures of cash flow information      
Transfer of warrant liability to additional paid-in capital upon exercise of common stock warrants $ 13,401